StockNews.com Upgrades Adient (NYSE:ADNT) to “Buy”

StockNews.com upgraded shares of Adient (NYSE:ADNT) from a hold rating to a buy rating in a research report released on Tuesday.

Other equities research analysts also recently issued reports about the stock. Bank of America downgraded shares of Adient from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $24.00 to $18.00 in a research note on Tuesday, March 4th. Wells Fargo & Company cut shares of Adient from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $27.00 to $20.00 in a research report on Monday, December 16th. UBS Group increased their price target on Adient from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Morgan Stanley decreased their price objective on Adient from $19.00 to $17.00 and set an “underweight” rating for the company in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. cut their target price on Adient from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $20.88.

Adient Stock Down 1.4 %

Shares of ADNT opened at $12.69 on Tuesday. The business’s fifty day moving average price is $15.77 and its two-hundred day moving average price is $18.36. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 634.25, a PEG ratio of 0.34 and a beta of 2.27. Adient has a 52 week low of $12.31 and a 52 week high of $32.49. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.86 and a current ratio of 1.08.

Adient (NYSE:ADNT) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.05). Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. During the same period last year, the business posted $0.31 EPS. On average, analysts predict that Adient will post 1.76 earnings per share for the current year.

Institutional Investors Weigh In On Adient

Large investors have recently modified their holdings of the business. Point72 Hong Kong Ltd acquired a new position in shares of Adient in the 4th quarter valued at approximately $25,000. R Squared Ltd acquired a new position in shares of Adient in the fourth quarter valued at approximately $32,000. Versant Capital Management Inc increased its position in shares of Adient by 10,316.7% during the fourth quarter. Versant Capital Management Inc now owns 1,875 shares of the company’s stock worth $32,000 after acquiring an additional 1,857 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Adient by 6,924.2% during the fourth quarter. IFP Advisors Inc now owns 2,318 shares of the company’s stock worth $40,000 after acquiring an additional 2,285 shares during the period. Finally, Sterling Capital Management LLC raised its holdings in shares of Adient by 803.6% during the fourth quarter. Sterling Capital Management LLC now owns 2,738 shares of the company’s stock worth $47,000 after acquiring an additional 2,435 shares during the period. 92.44% of the stock is currently owned by institutional investors.

Adient Company Profile

Adient plc engages in the design, development, manufacture, and market of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company's automotive seating solutions include complete seating systems, frames, mechanisms, foams, head restraints, armrests, and trim covers.